The firm in June launched the Epic Asia-Pacific Fund, Asian Investor reports. The new fund has about ¥2.1 billion (US$26 million) in assets and employs Epic's strategy, which it previously used exclusively for Japanese stocks, to a broader universe of regional names.

Epic Asia-Pacific is based on a managed account that the firm ran prior to the new fund's June 1 debut. In its first two months, the strategy is down 2.8%.

Bank of America serves as the new fund's prime broker and Daiwa Europe as administrator.

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Forecasting markets has always been fraught with danger for analysts and traders alike. MODERN TRADER has dedicated issues detailing the pitfalls of following so-called markets gurus. Too often these market experts are allowed to flaunt their winning forecasts and let their losers fade into the background.